Overview of Rejion Suminoe Paakupureisu (レジオン住之江パークプレイス)
Rejion Suminoe Paakupureisu (レジオン住之江パークプレイス) is a 25-year-old condominium located at Oosakashi Suminoe Ku Misaki 3 Choume 6-11 (大阪市住之江区御崎3丁目6-11), Osaka, Japan. Built in 2001, it comprises 90 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 1,790〜4,280万円 (approx. $119,333–$285,333 USD at ¥150/$).
Unit sizes range from 64.1–87.3 sqm (690–940 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥51.8万/sqm (approx. $3,454/sqm or $321/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Misaki 3 Choume 6-11 (大阪市住之江区御崎3丁目6-11), Osaka, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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